Macquarie Group Ltd. Takes Position in Murphy USA Inc. (MUSA)
Macquarie Group Ltd. bought a new stake in shares of Murphy USA Inc. (NYSE:MUSA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,300 shares of the company’s stock, valued at approximately $1,357,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Murphy USA during the fourth quarter valued at about $42,754,000. Aperio Group LLC boosted its position in shares of Murphy USA by 5.9% in the first quarter. Aperio Group LLC now owns 16,662 shares of the company’s stock valued at $1,024,000 after buying an additional 929 shares during the last quarter. Virginia Retirement System bought a new position in shares of Murphy USA during the first quarter valued at about $1,315,000. IFP Advisors Inc boosted its position in shares of Murphy USA by 16.7% in the first quarter. IFP Advisors Inc now owns 3,516 shares of the company’s stock valued at $216,000 after buying an additional 503 shares during the last quarter. Finally, Pacad Investment Ltd. bought a new position in shares of Murphy USA during the first quarter valued at about $903,000. 77.71% of the stock is owned by institutional investors.
Shares of Murphy USA Inc. (NYSE:MUSA) opened at 72.88 on Tuesday. Murphy USA Inc. has a 1-year low of $51.68 and a 1-year high of $80.44. The company’s 50-day moving average price is $74.62 and its 200 day moving average price is $68.98. The stock has a market cap of $2.85 billion, a PE ratio of 11.65 and a beta of 0.79.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.18. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. Equities analysts forecast that Murphy USA Inc. will post $4.80 EPS for the current fiscal year.
Several equities analysts have recently issued reports on MUSA shares. Jefferies Group lifted their price objective on Murphy USA from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $85.00 in a research note on Monday, August 1st. Finally, Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.33.
In other Murphy USA news, SVP John A. Moore sold 5,290 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $78.05, for a total transaction of $412,884.50. Following the completion of the sale, the senior vice president now directly owns 21,590 shares in the company, valued at $1,685,099.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Malynda K. West sold 9,463 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $77.54, for a total value of $733,761.02. Following the sale, the chief financial officer now owns 55,045 shares of the company’s stock, valued at $4,268,189.30. The disclosure for this sale can be found here. Corporate insiders own 6.98% of the company’s stock.
About Murphy USA
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.
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